Recession – Yes or No?

Recession – Yes or No?

Recession – Yes or No? Thomas C Schleifer, Ph.D. As the Fed uses interest rates to joust with inflation, everyone wants to know if we’re headed into a recession. The dreaded R word is on everybody’s mind. Do I think we’re in for an immediate recession? How severe will...
Defense Mechanisms

Defense Mechanisms

Defense Mechanisms Thomas C Schleifer, Ph.D. Last week we renamed the impending “recession” being brought on by the Fed’s interest rate battle against inflation – “bottom-line recession” – for the construction industry. Bottom-line...